358: House Hacking: Live for Free and Turn Your Biggest Expense into a Profit Center

What if you could make your rent or mortgage payment go away?

Or, what if instead of paying that expense every month, your living situation actually paid you?

It’s not as far-fetched as it may sound.

In fact, that’s exactly what today’s guest, Craig Curelop, has done by intentionally "house hacking" over the past few years.

He’s even written a book on the topic, and it's one I wish I’d had when I was 18 or 19! I would have definitely done some things differently.

The basic idea is to use other people’s rents to offset, or even profit from your own housing costs. On top of that, you'll begin building wealth through real estate and earn tax benefits as well.

If you have a spare room or two in your home, or you're interested in house hacking, this episode is going to get the gears turning for you.

Tune in as Craig runs through some examples of how you can do this. Whether you’re a young professional, or you have a family of your own, you can offset some or all of your mortgage payments.

But keep in mind, this isn’t a common path -- this is living for a period of time like others won’t -- as you’ll hear from Craig’s story.

“Typically you’re going to sacrifice comfortability with profitability,” Craig explained to me. But living for a few years like others won’t has given Craig the financial independence to potentially live decades like others can’t.